USD/CHF skyrockets

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The dollar is strong on the back of rising expectations that rate hikes by the Federal Reserve could come sooner rather than later."
- Barclays (based on CNBC)

Pair's Outlook

Yesterday there were still some doubts whether USD/CHF will manage to preserve the bullish impetus in the view of numerous resistances it had to breach. As it eventually turned out, neither of them was capable of halting the rally, falling one by one and in the end opening the path towards the March high at 0.9567. Currently this level is guarded only by the weekly R3 and the monthly R2.

Traders' Sentiment
Even though on the whole the SWFX marketplace participants are more optimistic regarding the perspectives of the Swiss Franc, there is no notable change in the sentiment towards USD/CHF in particular. Right now 71% of positions are bets on U.S. Dollar's strength and Franc's weakness.
© Dukascopy Bank SA
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Actual Topics

Fri, 06 Sep 2013 15:06:33 GMT

EUR/JPY retreats

The first attempt of EUR/JPY to extend the gains beyond the nearest resistance at 132.38/131.72 (mainly formed by the weekly and monthly R1 levels) was unsuccessful, the pair is now descending and is about to hit the support that stretches from 130.74, where the 20-day SMA stands, down to 130.03, the current location of the monthly pivot point.

Fri, 06 Sep 2013 07:18:31 GMT

USD/JPY changes course

Once USD/JPY crossed the August high, it was immediately sold off because of the resistances scattered between the levels at 100.26 and 99.96.

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